Dana Corporation Earns Corporate Citizenship Award From Ford Motor Company
Nov 28, 2001
TOLEDO, Ohio, Nov. 28 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today announced that it has received the Ford Motor Company Citizenship Award in recognition of its minority-supplier development efforts, community support, and environmental initiatives. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Joe Magliochetti, Dana chairman and CEO, said, "For nearly a century, Dana has demonstrated the value of corporate citizenship through a people-oriented culture that fosters both growth and innovation. Through a unique mix of style and substance, the company has long recognized the benefit of involving people -- including suppliers and customers -- throughout our organization to find innovative solutions to the challenges facing the automotive industry. Dana has effectively applied this approach to its important efforts to develop minority supplier partners, and it is a real honor to be recognized for these efforts by our largest customer." Bill Carroll, president of Dana's Automotive Systems Group and a member of the Board of Directors of the National Minority Supplier Development Council, said, "Like Ford, Dana takes pride in its heritage of corporate citizenship, as well as its many current programs focused on providing a better tomorrow for our people and their communities. Along with its minority supplier development efforts, Dana is involved in a myriad of corporate citizenship endeavors, ranging from community service programs to efforts focused on improving the environment." Dana was recognized by Ford for its efforts in the following areas: A Strong Commitment to Minority Supplier Development Dana maintains a strong commitment to minority supplier development, as evidenced by its inclusion in the company's strategic planning processes, and its status as one of the company's key corporate business measures. Even as Dana implements consolidation and rationalization processes through the reengineering of its non-production procurement process, the company has maintained its minority supply base and has been successful in enabling strategic alliances between many national account (Tier I) suppliers and its minority supply base. Working on Many Fronts to Grow Minority Suppliers Dana Corporation is a major supporter of the Minority Business Enterprise (MBE) mentoring through the Michigan Minority Business Development Council's (MMBDC) Project Operation Network Enhancement (Project ONE). Project ONE, the brainchild of Ford Motor Company, seeks to enhance and strengthen minority business development activities and processes through the collective efforts of Dana's Tier I suppliers and MBEs from the MMBDC. Dana has already awarded more than $50 million through Project ONE this year. Dana is also involved in mentor/protege relationships in the states of Indiana, Ohio, Tennessee, and Wisconsin. Dana has sponsored numerous networking events over the past four years. The company's purchasing community has been an integral participant in these important events, with buyers from virtually all Dana divisions participating in each event. Additionally, minority supplier development has been firmly established as an integral component in the goals and objectives set for each of our strategic business units and each division within all of our business units. Dana has actively pursued sourcing to MBEs in a number of nontraditional areas. For example, the company awarded more than $10 million in business to a minority-owned chemical manufacturer/commodity manager. Using Technology to Measure and Grow Minority Spending Dana has also instituted a web-based, Tier I minority-spending reporting tool. This tool enables Dana's Tier I suppliers to report their minority spending in an efficient manner, which helps ensure the success of Dana's Tier II program. Additionally, Dana requires all national contract suppliers to provide Dana with the names of minority suppliers they will be utilizing in fulfillment of their contracts with Dana. Performance of these key supply partners is tracked and measured to ensure opportunities for minority-owned businesses. Executive Involvement Emphasizes Dana's Commitment As mentioned above, the President of Dana's Automotive System Group, Bill Carroll, sits on the Board of Directors of the National Minority Supplier Development Council (NMSDC). In this role, he has served as a champion for minority supplier development, frequently expressing Dana's commitment to expanding opportunities for minority-owned businesses. Carroll also was recently elected to the Board of Directors of the Michigan Minority Business Development Council, beginning a three-year term in January 2002. Dana has been a nominee for the NMSDC's Corporation of the Year award for the past two years. Dana Corporation is one of the world's largest suppliers of components, modules, and complete systems to global vehicle manufacturers and their related aftermarkets. Founded in 1904 and based in Toledo, Ohio, the company operates some 300 major facilities in 34 countries and employs nearly 75,000 people. The company reported sales of $12.3 billion in 2000. Dana's Internet address is http://www.dana.com .
SOURCE Dana Corporation
Web Site: http://www.dana.com
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